EUR/AUD – 30M – SELLThe currency pair jumps from the bearish trendline downwards
A continuation of the downtrend downwards to the next support level at 1.62029 will persist.
Caution: A possible reversal of the trend in the direction of resistance at 1.62562 should be noted.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.62974 |
| 2nd High | 1.62907 |
| Next High | 1.62562 |
| Current Price | 1.62225 |
| Next Low | 1.62029 |
| 2nd Low | 1.61096 |
| 3rd Low | 1.61029 |